Council president Charles Pugh. / Free Press file photo

By Suzette Hackney

Detroit Free Press Staff Writer

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Detroit City Council will hold a special session at 4:10 p.m. Thursday to consider a resolution approving a financial stability agreement between the state and city.

State and city officials have been working feverishly to craft an agreement that would help steer the city through its financial crisis. Council members are expected to discuss details of the agreement Thursday.

“There isn't a lot of good reason why this wasn’t done some time ago,” Snyder said at a town hall meeting at Wayne County Community College in downtown Detroit. “I'm impatient. As a practical matter, I think the citizens are impatient. They want action.”

Deputy Mayor Kirk Lewis and Council President Charles Pugh have also have said an agreement could be reached by the end of the week.

Snyder spokeswoman Geralyn Lasher said late Wednesday the governor was "encouraged and pleased" the City Council was prepared to consider a proposal, though she didn't know if a vote would be held today.

"It sounds like things are progressing and going well," Lasher said.

Under state law Snyder has nine days to reach an agreement with the mayor's office and the City Council that would restructure the city's finances. Snyder has repeatedly said he does not want to appoint an emergency manager to oversee Detroit’s budget.

Editor's note: A previous version of this article incorrectly characterized the City Council's plans for Thursday. This version is correct.